Indians can now get UAE's Golden Visa without trade license, property purchase
Dubai, Jul 7 (PTI): The United Arab Emirates government has started a new type of Golden Visa, which will be based on nomination, albeit with some conditions, unlike the current practice of investing large amounts in either property or business here.
Until now, one of the ways to get Dubai's Golden Visa from India was to invest in property whose value should be at least AED Two Million (Rs 4.66 crore), or invest a large amount in business in the country.
Under the “new nomination-based visa policy,” Indians can now enjoy the UAE's Golden Visa for life by paying a fee of AED 1,00,000 (INR around 23.30 lakh), beneficiaries and people involved in the process have told PTI.
Over 5,000 Indians will apply for this nomination-based visa in three months, they said.
India and Bangladesh have been selected for the first phase of testing this visa, and a consultancy named Rayad Group has been chosen to test the initial form of the nomination-based golden visa in India.
Rayad Kamal Ayub, Managing Director of Rayad Group, said this is a golden opportunity for Indians to get the UAE's Golden Visa.
Whenever an applicant applies for this Golden Visa, we will first check their background, which will include anti-money laundering and criminal record checks, as well as their social media,” said Rayad Kamal.
The background check will also show if and how the applicant can benefit the UAE’s market and business activities in any other way such as culture, finance, trade, science, Start Up, professional services, etc.
“After this, RayadGroup will send the application to the government, which will make the final decision on the nomination-based Golden Visa,” he added.
Applicants seeking the UAE Golden Visa under the nomination category may obtain pre-approval from their home country without the need to visit Dubai.
“Applications can be submitted through One VASCO centres (visa concierge service company) in India and Bangladesh, our registered offices, our online portal, or our dedicated call centre,” he added.
After getting the Golden Visa, one gets the freedom to bring his or her family members to Dubai. “You can also keep servants and drivers based on this visa. You can do any business or professional work here,” Rayad Kamal said, adding, the property-based Golden Visa ends in case of property sale or division, but the nomination-based visa will remain forever.
The UAE government's initiative and India's selection as the first country for this visa reflect the strong business, cultural, and geopolitical relations between India and the UAE, which have become stronger after the Comprehensive Economic Partnership Agreement (CEPA) between the two countries, effective May 2022.
The Golden Visa nomination process is an agreement between the UAE and its (Comprehensive Economic Partnership Agreement) CEPA signatory/partner countries. This is a pilot project which has started with India and Bangladesh and will soon include China and other CEPA countries.
RayadGroup and VFS have been chosen to vet the applicants and then forward them to the UAE authorities.
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Deputy CM Shivakumar announces property ownership drive in Bengaluru
Bengaluru (PTI): Karnataka Deputy Chief Minister D K Shivakumar announced a major property ownership drive here aimed at correcting and regularising property records, saying the government had already rectified 23 lakh Khatas and enabled citizens to download their documents online.
Shivakumar, who also holds the Bengaluru Development portfolio, said the state government had begun converting B-Khatas into A-Khatas and would organise special Khata camps every Saturday across corporation limits from May 16 to help citizens secure their property documents.
A Khata is a legal document in Bengaluru certifying that a property complies with all local by-laws, regulations and has paid property taxes to the civic body.
“We have already corrected 23 lakh khatas and provided an opportunity for people to download them,” he said.
Shivakumar explained that the major campaign has been undertaken in Bengaluru to streamline property documentation.
The Deputy Chief Minister said between five and 10 centres would be set up in every corporation area as part of the “Khata Andolana” programme and urged citizens to participate in large numbers.
“I appeal to people to safeguard their property documents. We have created an opportunity for all citizens,” he said.
Calling it a "people-centric" initiative, Shivakumar said the government was working to ensure citizens received proper ownership documentation for their properties.
Shivakumar further claimed that the initiative had drawn national attention and said the Union government had recognised Karnataka with an award for the programme.
“Your Khata is your right. Obtain your Khata and protect yourself from fraud,” he said, while urging people to take advantage of the scheme.
